RBC Capital Downgrades TaskUs to Sector Perform, Lowers Price Target to $16
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Daniel Perlin has downgraded TaskUs (NASDAQ:TASK) from Outperform to Sector Perform and lowered the price target from $21 to $16.
August 10, 2023 | 9:32 am
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TaskUs has been downgraded by RBC Capital from Outperform to Sector Perform, with a lowered price target from $21 to $16.
The downgrade from Outperform to Sector Perform by RBC Capital indicates a less optimistic outlook for TaskUs. The lowered price target from $21 to $16 also suggests that the analyst believes the stock may underperform in the short term. This could potentially lead to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100